Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-18
COMMERCIAL RESUME.


sas and Texas 2'S ct 81; 6's al 9S.
Money +1@5 per cent.
Governments steady.
Silver 95i.
Sterling lower.
Wheat quiet and fairly eady.
Oil closed ct G24.
Cotton declined ) points
There was another break in the coffee
market this mOTEiLE. .Hae price dropped
200 points, or about2 cents per pound al
the opening.
Sugars weaker.
PANIC AFTERMATHs.
CHICAGO, Ill, June l1.-There are no
developments in the affairs Of the bUrSted
wheat clique to-day. KershaW has no
more funds and will rot get any more,
The whole affair has now become ent6D-
gled between the Fidelity bank Of Cincin-
natl and the American Exchange National
bank here. There are now so many le-
gal complications that whatever funds
should come here would undoubtedly be
swallowed up without doing anybody
in the trade much good The affairs OF
Kershaw & co. are so desperate inst Egg
gleston, special partner, whose liability
8s general partner is claimed, is putting
his property out of his hands. Attach
ments and iDjUnctions will undoubtedly
be gotten ont against him 10 Gay. Cash
wheat will not come u the market, so
that the panic Of prices is over. Armour
sent to al the banks last
night offering to relieve them to-day or st
any moment Of Whatever cash wheat they
held. They al returned the answer that
they had no wheat for sale, and cid not
expect 70 nave any. Only SINAI! lot has
been sold so far, and that was gobbled up
for the market cash price, 81 cents.
July wheat showed no paniCky feeling.
Brokers in the pit are careful TO pick the
men with whom they do business, and
pay lc and even 4c more to get the names
Of rich and strong houses. 4 member of
one Of the clique firms said the clique had
aOout 81, 900, 900 of It's own money here
with which to margin cash wheat and op
tons, The trouble arose on Monday,
probably FROM the vast arrivals OF cash
wheat. Il was not anticipated that the
cash wheat receipts would aggregate
more than 1000 cars during June. Five
thousand CsTs were received in the first
ten days, and one important calculation
mad mtSCarriet. Last Monday the clique
mad 10000, 600 bushels of cash wheat and
q 900, 900 Of unsettled June options.
An interview al the RiChclieu hotel Men
day night was had between Kershaw and
the representatives of Irwin, Green x Co.,
ROsenfelG IS Co., Wiltshire and HOyt.
Wiltshire now claims that there WG9 no
such pressure rs R0senfeId ( Co. claim
on Tuesday morning on the cliqQs'S bust
ness, but tna1 it came from the holdings
bv Resented 6 CO. Of the Taller wheat
clique The n ney came from Cleveland,
Pniin6elpais, Cincinnati and New York.
OF the $500 600 brought here Wednesday
S4O0. 600 was from the Fidelity Bank Of
Phils5eIDhia aud $500, 600 from the
Fidelity Of Cincinnati. The only money
taken cut of town ny the clique was
$40, Goa paid over by RosenfeId & Co. to
Wiltshire, June 9, and before Kershaw
had sold that block Of 100000 Of June
wheat.
SUITS FILED.
CHICAGO, Ill, June I7.-H. D. Wad-
ham & Co. have requested all parties
having trades with them to close them
out. Robert LindbloOm this afternoon
secured an attachment against Eggleston,
Kereiaw's hacker, and will use it against
the laLter's account in the BOARD Of Trade
clearing house. Salt was entered by
Jones, McCormiCk4& Kenneth against
Maurice, Resented & Co, being for
SIS, 1000; also for $4,000 by the same
plaintiffs against Z. G. J. Kershaw & Co.
Byron J. McLeary commenced an attach
ment suit sgainst MsuTiCe ROsenfeld for
$4,000.
GOVERNMENTS, STOCKS AND, BONDS.
NEW YORK, June l7.-To-day WAS
the dulIest day at the Stock Exchange
for many weeks. The fluctuations in
most stocks were confined within the
range OF small fractions, and with the eX-
cepuon OF e little buying by London,
trading was purely local and professional.
The opening was firm at advances over
asst evenings final figures Of from TO 5
q per cent. There was fair trading during
the first few minutes, but the market
soon became extremely dull and
devoid Of special feature. Prices
manifested 4 sagging tendency from
the opening and toward noon became
stagnant. Late IN the afternoon Pacific
Mail became decidedly weak but the
general list showed some Improvement
under the lead Of Reading. The close
was stesdvro firm. The net result of
me day is that prices are irregulsrly
casrged with declines in q small ma
iority, although the differences are fer
insignificant fractions only.
Railroad bonds were dull. Prices ruled
steady throughout.
Government bonds were dull and
steady.
ARMOUR AND TIE WHEAT CORNER.
NEW YORK, June 1.-THE Times prints
the following: "Though earnest efforts
were made to the very close of The big
wheat de6l at Chicago to convince the
public that p D. Armour was largely in
terested as partner with the
clique, nobody any longer sus-
poets that he had any such rela-
ton. to 1T. There are reasons
for believing indeed that he not only was
not partner, but that he was in 8 quiet
wav the most effective opponent that
clique mad. Some very interesting sto-
RES were floating around Wall street. yes
terday. which name hun as response
bic for the sensational collapse IN
the now famous corner. a private d s
patch from Washington adds strength to
this story, and connects Armour IN some
exceedingly significant transactions with
Washington stock brokerage house hav-
ing connections in Wall street, q house that
N many past deals has been closely iden-
titled with Armours interests. This
house, it appears, set in motion the de-
mand for an official investigation by